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Showing 3 fha loan specialists in Madison, AL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
MoveHome Southeast Mortgage, LLC
8097 Madison Blvd #103, Madison, AL 35758
(256) 474-2120
movehomese.com
Donna Frost, Mortgage Loan Officer - First Horizon Bank
53 Hughes Rd, Madison, AL 35758
(256) 519-4365
firsthorizon.com
What Does a FHA Loan Specialist in Madison Cost?
Typical costs for an FHA loan specialist in Alabama include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 percent to 0.85 percent. Closing costs usually range from 3 to 5 percent of the purchase price. Lender fees may vary between $500 and $1,500. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the FHA loan limits for Madison Alabama in 2025?
For 2025 the FHA loan limit for a single family home in Madison County Alabama is $498,257. This limit applies to most areas and may be higher for duplexes or triplexes. Check with a specialist for the exact amount for your property.
Do I need a special license to be an FHA loan specialist in Alabama?
No special state license is required beyond a standard mortgage loan originator license. Alabama requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System. The specialist must also be approved by the U.S. Department of Housing and Urban Development.
How long does an FHA loan approval take in Madison Alabama?
Typical FHA loan approval in Madison takes 30 to 45 days from application to closing. Alabama law does not set a specific timeline for this process. Delays can occur if additional documentation is needed or if the property requires repairs.